G/U Analysis/Prediction

Overview of Predictions August 9

Prediction: GU is running into a phsyco level at 1.60 so price is stagnant…we have our resistance at 1.6025/30 and supports at 5935/40 and lower at 5825/30…Scalp all levels…

Results:

1. Long @ 5935, DD: 5 pips; MP: 35 pips. On this scalp level the market quickly pushed us into the green and we took 25 pips in this trade.

Overall Profit/Loss: +25

Pips this Month: +140

Overview of Predictions August 10

Prediction: Our GU outlook is bearish with resistances at 5825/30 and higher up at 5860/65 with 5890 also a resistance…supports are at 5775/80 and lower at 5720/25….Trend top and bottom levels and scalp middle levels…

Results:

1. Short @ 5825, DD: 0 pips; MP: 100+ pips. This was a scalp trade that moved for 30 pips in a few minutes

2. Long @ 5780, DD: 15 pips; MP: 0 pips. This was a negative scalp trade as price earlier did not touch by 5 pips and then broke through at second attempt at this level for a negative trade.

3. Long @ 5720, DD: 11 pips; MP: 75 pips. This was our trend level from which we hold trade to last resistance level marked (5890). This trade was closed at 2 pm EST right before price spiked to our resistance but following the rules is always the better way to go in trade.

Overall Profit/Loss: +90

Pips this Month: +230